I highlighted previously that the new wells coming online will boost the revenues and cash in the bank.
1500boe * USD65 a barrel at the low end / 0.75 AUDUSD * 365 = AUD$47,450,000.
This one well nearly doubles the revenues based on the current production and price of oil levels. With Juanita still to report on their 389 feet oil column, maybe triple the last years revenue.
Just speculation but....
Ignore the downrampers who are trying to load up on this. I would suggest not to miss out on this opportunity.
Ann: Wolf Pack Produces Over 40,000 BOE In Its First Month, page-17
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